Egypt is seeking to purchase large quantities of liquefied natural gas from global markets with deferred payment terms of up to 6 months, according to market sources.

Cairo, which in the past few years has been a reliable exporter of liquefied natural gas to Europe, is trying to deal with dwindling natural gas supplies that have forced it to return to importing gas.

According to Reuters, citing trade sources, the Egyptian Natural Gas Holding Company (EGAS) is seeking to purchase 17 shipments of liquefied natural gas through a tender that closes on June 26, with 7 shipments to be received in July 6 in August, and 4 in September, via the shipboard delivery system at the port of arrival. .
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